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This has affected new homebuyerslooking to purchase their first homeand retirees who were hoping to relocate.
Keep reading as we dive into three retirement towns that arebecoming unaffordable for many people.
Sedona, Arizona
Arizona has always been a popular state for retirees.
There are plenty of opportunities for hiking, biking, and outdoor photography, which appeal to active retirees.
Unfortunately, Sedona is becoming increasingly unaffordable for many people.
The rise of short-term vacation rentals has reduced the availability of long-term housing, driving up rental prices.
Tourism increases the cost of services, dining, and daily necessities.
Located on the edge of the Blue Ridge mountains, it offers a mild climate year-round.
The town also hastop-notch healthcare facilitiesand many outdoor activities, appealing to retirees looking to maintain their outdoor lifestyle.
The median home price in Asheville has surged to around$483,000, a substantial increase from previous years.
However, prices across Florida, particularly in Naples, have increased substantially over the past decade.
Naples offers retireesbeautiful white sandy beaches, amazing golf courses, and a warm climate 12 months a year.
It also has a strong healthcare system, upscale restaurants, and great shopping.
Its no wonder people have always loved to retire here.
Unfortunately, prices have become increasingly unaffordable.
This significant increase has priced out many potential retirees who were considering Naples as their retirement destination.
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